WANDERERS TO ANNOUNCE PROFIT
(Wednesday 19th September 2001)
Accounts 2001 The Club have informed members that they will announce a net profit of just over 150,000 for the 2000/2001 season. Members will now vote on the acceptance of accounts that show a surplus for the first time since the 1997/98 season and only the third occasion since winning promotion to the Football League in 1993.

The profit was almost entirely due to the success in the FA Cup which contributed approximately 1m of 'unbudgeted additional revenue' from a combination of match receipts, TV and radio fees and related commercial activities.

Club Financial Director Rod Tomlin commenting on the FA Cup campaign in the Review of the Business, said "We believe its legacy will help sustain both club and company as we strive for success on and off the field in the new season which lies ahead".

Operating costs are reported to have risen by 17% to 4.4m but Tomlin pointed that the Club had purchased a new training facility and partly funded the extension of the 'away end' while a 'loan note' scheme has added over 400,000 to the balance sheet. Club members will discuss the accounts in detail at the AGM due to be held on Tuesday 16th October.


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